Archive

Did you actually believe that they were not going to use the precedent that they set in Cyprus? On Thursday, EU finance ministers agreed to a shocking new plan that will make every bank account in Europe (NYSEARCA:VGK) vulnerable to Cyprus-style bail-ins. Read more…

Mike Burnick:Yet another European Union (EU) crisis flare-up, this time in Cyprus, is roiling global financial markets again as European finance ministers, in cahoots with the Cyprus government, Read more…

Jeff Uscher:Japanese Prime Minister Abe’s recent success in talking the yen lower against other currencies has increased fears over “currency wars.” Now investors are on the hunt for the best investments to profit from central bankers’ “race to the bottom” in 2013. Read more…

Michael Snyder: Are we witnessing the start of a historic financial meltdown in Europe? In recent days, two massive corruption scandals have greatly shaken confidence in European financial markets. Read more…

Tom Essaye:At his press conference last week, ECB President Mario Draghi threw cold water on the prospects for rate cuts in Europe any time soon. This followed the ECB decision to keep rates on hold. The rate decision was expected, but the relatively upbeat assessment of the European economy wasn’t … Read more…

JR Crooks: We all remember the term “Grexit.” It was coined when investors began thinking Greece might soon exit the euro zone. Not long after came similar headwinds in Spain. And analysts began talking of Spain possibly leaving the euro zone, too. Read more…

Tom Essaye:One of the most anticipated ECB meetings in history occurred last week, and with it the European crisis entered a new phase. Generally speaking ECB Chief Mario Draghi and the ECB met most of the market’s lofty expectations, as evidenced by market action. Read more…

Jeff Harding: The European Central Bank (ECB) has decided to bailout its bankrupt members, mainly Italy (NYSEARCA:EWI) and Spain (NYSEARCA:EWP), by buying their shorter-term bonds ( 1 to 3 years) with newly created money. The idea is to drive down Read more…

Guess who is going to need a bailout right after Spain (NYSEARCA:EWP)? The Italian economy is the 8th largest economy on the entire planet and right now it is being absolutely overwhelmed by a tsunami of debt. In an attempt to address this problem Read more…